Trustly, Cross River, and PointsBet to roll out Instant Payouts in the US

In partnership with Cross River Bank, a financial services and technology infrastructure provider that offers embedded financial solutions, Trustly’s technology platform will allow PointsBet to provide players with instant withdrawals of winnings into their bank accounts wherever sports betting is available.

Enabling real-time payments for sports bettors

Trustly’s optimised UI, simple configurability, and turnkey payout logic make Instant Payouts the preferred real-time payment method for merchants and players alike. This innovation is facilitated by Trustly’s relationship with Cross River, an early participant in the RTP network built by The Clearing House. PointsBet, by using Trustly Instant Payouts, can fund payments directly with Cross River, which will send RTP payments on behalf of PointsBet to their players’ bank accounts.

For players making bets on the PointsBet platform, Trustly Instant Payouts will expedite the payout process, allowing them to access winnings instantaneously. By offering 24/7/365, immediate access to winnings, Trustly Instant Payouts builds player confidence, satisfaction, and loyalty.

Trustly’s officials are happy to partner with PointsBet to offer Trustly Instant Payouts. This product, made possible by their collaboration with Cross River, will help facilitate a delightfully seamless payout experience for sports bettors nationwide.

Commenting on the partnerhip, representatives from Cross River said that they partner with innovative companies that provide consumers with the cutting-edge financial solutions they need and want. Their collaboration with Trustly enables just that, solving a pain point in this vertical for a long time. Fueled by Cross River’s participation in the RTP network, consumers can now receive instant payouts and immediate access to their winnings.

What does Trustly do?

Founded in 2008, Trustly is a player in Open Banking payments. Their digital account-to-account platform redefines the speed, simplicity, and security of payments, linking merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, enabling them to offer an attractive alternative to traditional card networks at a lower cost. Trustly currently serves 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries.

The company is a licensed payment institution under the second payment services directive (PSD2) and operates under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, it is state regulated as required to serve its target markets.

For more information about Trustly, please check out the company profile in The Paypers Company Database.